What is a lease assumption?
Consumers can transfer a car lease contract from one person to another, usually through an online service dedicated to transferring auto leases, such as AutoLeaseBreakers.com (sponsor). Lease assumptions (define: auto lease assumption) are exercised by the consumer who wants to transfer their car lease (define: auto lease transfer) to someone else seeking to take over the lease payments – for a few months or for the duration of the lease agreement – considered a assuming a short-term car lease. Lease assumption is referred to swap-a-lease, bust a lease, break a lease, lease transfer, etc., With a l ease assumption the person taking over the lease will assume the rights and responsibilities under the current term of the lease agreement. Many consumers who leased a vehicle for a set duration can save much money by breaking their lease and assuming someone else to take over the lease. This can benefit both the buyer and the seller. Since leasing a vehicle is purchasing only a portion of t
